Source: Wilson Investment Properties / #Apartments #Multifamily
ATLANTA, GA - Liquid Capital Real Estate Partners partnered with Wilson Investment Properties to acquire a $51.2M, 45 acre multifamily complex in Norcross, GA. The Fields at Peachtree Corners is a garden-style apartment community comprised of 41 residential buildings offering a mix of one, two, and three-bedroom units, totaling just under 500,000 square feet.
The strategy is to drive rent growth through upgrading existing unit interiors, as well as improving and adding to the amenities and common areas.
Liquid Capital and Wilson Investment Properties selected the Atlanta metro due to a number of factors, including favorable tax benefits, low cost of living, and access to transportation, infrastructure and education. Atlanta is a highly desirable location and has the third largest concentration of Fortune 500 headquarters in the US. Rapid population and economic growth, a flourishing job hub, and a wealth of new development in and around Atlanta's major business districts make the Fields at Peachtree Corners highly attractive for the multifamily investor's portfolio.
"These offerings allow our investors to diversify their investment portfolios outside of stocks and Wall Street," Wilson Investment Properties principal Tom K. Wilson said. "Many of our clients love that they can invest directly in an institutional grade product for a fraction of the cost by utilizing the expertise of an experienced syndicator." Investors will be receiving attractive yields and immediate cash flow distributions.
Led by Yitzi Karasick and Ido Gelerman, Liquid Capital is a leading multifamily investment company based in New Jersey that specializes in repositioning underperforming apartment communities in strong markets. This is the fourth major acquisition they've made in Atlanta in the last year and the second in Gwinnett County.